Volt Lithium Corp VLTLF

"New methods could extract large lithium stores from brine"

[MarketMakerss]

The growing demand for lithium, a key component of electric vehicle batteries and energy storage, has sparked significant interest in Direct Lithium Extraction, a "potential game-changing technology for lithium supply".

Due to its ability to extract lithium from oilfield brine, DLE can double lithium production while reducing environmental damage, offering the ability to obtain vast new sources of lithium from brine.

As discussed by Volt Lithium (VLT.v VLTLF) CEO Alex Wylie, there is a massive opportunity for oil and gas companies producing significant quantities of brine as part of their normal operations to collaborate with DLE companies to add value to existing operations: https://www.asce.org/publications-and-news/civil-engineering-source/civil-engineering-magazine/article/2023/10/new-methods-could-extract-large-lithium-stores-from-brine

Volt Lithium

Having emerged as a high-potential opportunity in the industry, VLT recently confirmed its accelerated lithium extraction strategy, having expanded its capabilities beyond its flagship Rainbow Lake Lithium Project with the commissioning of its permanent Demonstration Plant.

Building upon the successful pilot plant operations for Rainbow Lake, VLT commissioned its permanent Demonstration Plant which is capable of testing oilfield brines from multiple basins across North America in real-time.

Innovative DLE Technology

This development enables VLT to use its proprietary Direct Lithium Extraction (DLE) technology to extract lithium regardless of the brine's original lithium concentrations, opening up a vast market opportunity.

Notably, VLT's DLE technology boasts an impressive lithium recovery rate of 90% from concentrations as low as 34 mg/L while maintaining commercial viability. Most notably, however, VLT's tech can achieve 97% recoveries using 120mg/L concentrations.

PEA Preparation

With the reservoir analysis now complete, VLT is finalizing the capital and operating costs required for the establishment of a 20,000-tonne-per-annum lithium plant at Rainbow Lake.

Showcasing a substantial lithium resource of 4.3 million tonnes with concentrations reaching up to 121mg/L, VLT is aiming to publish the Rainbow Lake PEA before the end of November 2023.

In offering a compelling opportunity to oil and gas operators by providing a win-win situation by adding value to existing oilfield operations, VLT is on track to become a leading player in the DLE sector.

Full Operational Update: https://www.globenewswire.com/news-release/2023/10/24/2765448/0/en/Volt-Lithium-Announces-Expanded-Capabilities-Beyond-Rainbow-Lake-Enabling-Oilfield-Brine-Processing-From-Across-North-America.html

Posted on behalf of Volt Lithium Corp.